GNSS Chip Market
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>GNSS</strong> <strong>Chip</strong> <strong>Market</strong> Size, Share, Trends,<br />
Growth and Demand Forecast to 2023<br />
<strong>GNSS</strong> chip market is forecasted to reach $5,538.5 million by<br />
2023, Geographically, the <strong>GNSS</strong> chip market is expected to witness the<br />
fastest growth in Asia-Pacific. Rise in demand of electronic, wearable and<br />
connecting devices, growing need for precise and real-time data along with<br />
the growing popularity of IoT are some of the major factors to have a<br />
significant positive impact on the industry.<br />
Get a free sample of this research<br />
report: https://www.psmarketresearch.com/market-analysis/gnss-chipmarket/report-sample<br />
Rapid urbanization, across the globe is leading towards more efficient and<br />
sustainable cities. On account of that, government of various countries<br />
worldwide are investing heavily in smart city projects. For instance,<br />
governments of several countries including Spain, UAE, Singapore, India<br />
and Austria are investing heavily in smart city research and projects.<br />
Government of India announced to transform 100 cities, into smart cities by<br />
2030, and aims to invest around $15 billion on smart city project.<br />
On the basis of device, the market is categorized into smartphones, tablets,<br />
PNDs, IVS and others, where others include phablets, digital camera and<br />
wearable devices. Smartphones accounted for 75% of the <strong>GNSS</strong> chip<br />
market, with $2.5 billion in 2016. It is further projected to reach $4.1 billion<br />
by 2023, witnessing 7.2% CAGR during the forecast period.<br />
Explore report at: https://www.psmarketresearch.com/marketanalysis/gnss-chip-market<br />
The various users of <strong>GNSS</strong> chips are automotive, consumer electronics,<br />
transport, marine, agriculture, military & defense, and construction industry.<br />
Technological evolutions in connected vehicles and automated driving<br />
domains are expected to be the major growth driver of <strong>GNSS</strong>-enabled<br />
applications and services in the automotive vertical over the next few years.<br />
Information obtained by <strong>GNSS</strong> chips empowers a range of automotive<br />
services from precise navigation to location-based information services,<br />
including the localization of speed cameras or available parking slots,<br />
dynamic weather updates and traffic alerts.
On the basis of application, <strong>GNSS</strong> chip market is categorized into LBS,<br />
surveying, telematics, navigation, mapping, timing & synchronisation and<br />
others, where others include gaming and weather forecasting. Telematics<br />
applications are expected to lead the market in terms of growth during the<br />
forecast period. The major factors bolstering the demand of <strong>GNSS</strong> chips in<br />
telematics include surging demand for integrated wireless communication<br />
systems within the vehicle, introduction of autonomous vehicles and<br />
transformation of non-connected cars into connected cars.<br />
Make enquiry before buying the<br />
report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=gnsschip-market<br />
Some of the major players operating in the market include Qualcomm<br />
Incorporated, Broadcom Limited, Intel Corporation, Furuno Electric Co.,<br />
Ltd., Skyworks Solutions, Inc., Quectel Wireless Solutions Co., Ltd., Navika<br />
Electronics, NXP Semiconductors, MediaTek Inc. and U-blox.
Change language